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The Trump administration's billionaires are worth more than $450 billion. Here's who they are

Dec 16, 2024 - qz.com
The article discusses the wealth of individuals appointed or nominated by President-elect Donald Trump for his second administration. It highlights that Trump's appointees, both inside and outside cabinet positions, collectively possess significant wealth, with some being billionaires. Notable figures include Frank Bisnano, CEO of Fiserv, worth about $1 billion; Vivek Ramaswamy, leading the Department of Government Efficiency, worth about $1 billion; and Steve Witkoff, a real estate magnate, also worth at least $1 billion. Other appointees include Jared Isaacman, leading NASA, worth $1.7 billion; Howard Lutnick, Commerce Secretary nominee, worth $2.2 billion; and Warren Stephens, ambassador to the UK nominee, worth $3.4 billion. Stephen Feinberg, deputy defense secretary nominee, is worth $5 billion.

The article also mentions Elon Musk, the richest individual in Trump's circle, with a net worth of $448 billion. Additionally, it notes the wealth of other appointees who are not billionaires, such as Linda McMahon, Education Department nominee, worth $850 million, and Robert F. Kennedy Jr., leading the Department of Health and Human Services, worth $15 million. Other notable mentions include Doug Burgum, Interior Secretary nominee, worth $410 million; Mehmet Oz, Centers for Medicare and Medicaid Services Administrator nominee, worth $330 million; Chris Wright, Energy Secretary nominee, worth $110 million; and Scott Bessent, Treasury Secretary nominee, worth $500 million.

Key takeaways:

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  • The Trump administration's appointees and nominations include several billionaires and multi-millionaires, with a collective net worth exceeding $450 billion.
  • Elon Musk is the wealthiest individual in Trump's circle, with a net worth of approximately $448 billion, significantly surpassing other billionaires in the administration.
  • Key appointees include Frank Bisnano, Vivek Ramaswamy, Steve Witkoff, Jared Isaacman, Howard Lutnick, Warren Stephens, and Stephen Feinberg, each holding significant roles in various departments.
  • In addition to billionaires, Trump's administration also includes wealthy individuals like Linda McMahon, Robert F. Kennedy Jr., Doug Burgum, Mehmet Oz, Chris Wright, and Scott Bessent, with net worths ranging from $15 million to $850 million.
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